Volkswagen Group Singapore has announced a partnership with FOMO Pay, a major payment institution headquartered in Singapore, to introduce digital currency payments for its vehicles and services. Customers can now use digital assets such as Bitcoin (BTC), Ethereum (ETH), and stablecoins like USDT and USDC to make payments. This initiative reflects Volkswagen’s commitment to providing more flexible and future-ready payment options, aligning with the growing adoption of digital currencies in Singapore.
The collaboration with FOMO Pay allows Volkswagen Group Singapore to support digital currency payments for both new vehicle purchases and aftersales services. Transactions are processed securely through FOMO Pay’s enterprise-grade gateway, ensuring compliance and real-time exchange rates. The payment system is designed to enhance the customer experience by offering speed, security, and global interoperability, with daily transaction limits set at $3,300 (SGD 4,500) and a cumulative cap of $9,900 (SGD 13,500).
Dr Kurt Leitner, Managing Director of Volkswagen Group Singapore, stated, “Our partnership with FOMO Pay aligns with our broader vision of delivering premium experiences powered by technology and innovation.” Rose Wang, Head of Digital Payments at FOMO Pay, added, “As Singapore advances towards becoming a smart financial centre, we believe digital assets will continue to play an important role in improving customer experience.”
This move not only modernises Volkswagen’s payment infrastructure but also supports Singapore’s vision of becoming a leading digital economy. By integrating digital payment tokens, Volkswagen Group Singapore is enhancing its customer journey, offering greater flexibility and inclusivity.
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